ECONOMIC GROWTH and DEVELOPMENT PAPER CONCESSION AND OPERATING COMPANIES of NORTH LUZON EXPRESSWAY (NLEX) A. Significance of Toll Road Industry and the North Luzon Expressway (NLEX) Concession in the Philippine Economy Viewed from the perspective of the total road network of the Philippines having 202‚000 km.‚ the current length of all tolled expressways (about 320 km.) in the country represent a mere 0.16%. At the same time‚ all are operating and located in the Mega Manila area traversing
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significance of three factors which might limit economic development in the developing countries. Economic development can be defined generally as involving an improvement in economic welfare‚ measured using a variety of indices‚ such as the Human Development Index (HDI). A developing country is described as a nation with a lower standard of living‚ underdeveloped industrial base‚ and a low HDI relative to other countries. There are several factors which may have the effect of limiting economic development
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Relationships between Entrepreneurship and Economics Oyvin Kyvik1 - 16.06.2009 The following is written as an introduction to the role as co-chair for the track on Entrepreneurship and Economics at the ICSB World Congress‚ Seoul‚ Korea – 2009. 1. Entrepreneurship and Economics – An Economic Perspective This is written based on the conviction that both entrepreneurship and economics are important phenomena‚ both in theory and in practice. It is further deduced that less entrepreneurship has as
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Part - A Special Economic Zones Special Economic Zones: Special Economic Zones (SEZs) are growth engines that can boost manufacturing‚ augment exports and generate employment. The private sector has been actively associated with the development of SEZs. The SEZs require special fiscal and regulatory regime in order to impart a hassle free operational regime encompassing the state of the art infrastructure and support services. The proposed legislation on SEZs to be enacted in the near future
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Many Asian countries such as Singapore‚ HK‚ and South Korea have achieved tremendous economic growth in the last forty years of development. One of the key success factors has been macroeconomic stability in these countries. Multiplier effect --- population Talk aboit the characteristic of Asian countries-past 40 years –deveoping country –vast raw material 1 Economic growth is defined as an increased in the level of production of goods and services by a country over a certain period of time
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EFFECT OF MACRO ECONOMIC POLICY ON NIGERIAN ECONOMICS GROWTH AND DEVELOPMENT ABSTRACT This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy‚ also to determine how it enhances the growth of Nigerian Economy. The aim of this research work is to look into challenges and numbers of hypothesis were drawn. Information necessary to address the test of hypothesis was gathered through secondary data‚ source from Central Bank of Nigeria (CBN). Economic analysis was
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ALTERNATIVE MEASURES OF ECONOMIC GROWTH AND PROGRESS What are some limitations of the Gross Domestic Product measure and some ideas for improving it? GDP has four major limitations: It includes the replacement of depreciated capital. It measures income produced in a country but not how much income people in that country re-ceive. Since GDP only counts monetary transactions (including esti-mates for those in the shadow economy)‚ it misses many other ac-tivities that people value like caring
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FACTORS AFFECTING ACCOUNTING PRACTICE IN NIGERIA AND THE WAY OUT Accounting Practice refers to the routine manner in which the day-to-day financial activities of a business entity are gathered and recorded. A firm’s accounting practice refers to the method by which its accounting policies are implemented and adhered to on a routine basis‚ typically by an accountant and/or auditor or a team of accounting professionals. In another context‚ an accounting practice is intended to enforce a firm’s accounting
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Economic Growth and Social Change * During Cuba’s years as a protectorate‚ it underwent a great sugar boom * In the 19th century Cuba had rapidly emerged as one of the worlds most efficient sugar producers‚ helped by modern vacuum methods in refininf * Sugar came to dominate Cuba’s economy and eventually‚ lasting effect on class structure and social relationships * By the early twentieth century‚ Cuba was producing several million tons of sugar per year‚ 1 quarter of the worlds supply
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SEVEN MAJOR SOURCES OF ECONOMIC GROWTH KFCTGLM 1) Legal System 2) Competitive markets 3) Limits on Government regulation 4) An efficient capital (K) market 5) Monetary stability 6) Low Tax rates 7) Free Trade 1) Legal System: Foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an evenhanded manner. Provides protection of property rights and enforcement of contracts. This reduces the uncertainties accompanying trade
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